Investment Objective The investment seeks long-term growth of capital.
The fund typically invests in stocks of between 20-100 companies at one time. It is flexibly managed so that it can invest in equity securities in a variety of industries as well as in foreign companies. The fund may invest in companies of any size- but primarily invests in companies with market capitalizations of more than $5 billion. If market conditions so warrant- it may establish short positions in specific securities or stock indices.